Rio Tinto PLC
From mining giants to Big Oil, major players are jumping on the ‘white hydrogen’ bandwagon
The construction site of a plant for the production of hydrogen in Germany. Picture Alliance | Picture Alliance | Getty Images A growing number of sizable companies, from mining giants to energy majors, are embracing the hype for natural hydrogen. It comes as buzz continues to build over the potential for a resource that advocates […]
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Stocks to watch as copper comes in Trump’s tariff crosshairs, driving up U.S. price premium
Copper miners are likely to see divergent outcomes as U.S. tariffs on the metal loom — raising the potential for a domestic supply crunch while also driving up the U.S. copper price premium over the London Metal Exchange. U.S. COMEX copper futures jumped Tuesday night and on Wednesday after U.S. President Donald Trump signed an […]
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Philips tumbles 7% after sales miss expectations; Europe stocks open mixed
BAE Systems says order backlog at record high as revenue rises 14% Britain’s largest defense firm BAE Systems said on Wednesday that its order backlog rose 11% to a record high at the end of 2024, as it reported a 14% increase in annual revenue for 2024. Operating profit rose 4% to £2.69 billion ($3.39 […]
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Why merger mania is coming to the fore in the mining industry
The Rio Tinto Group logo atop Central Park tower, which houses the company’s offices, in Perth, Australia, on Friday, Jan. 17, 2025. Bloomberg | Bloomberg | Getty Images The mining sector appears poised for a frantic year of dealmaking, following market speculation over a potential tie-up between industry giants Rio Tinto and Glencore. It comes […]
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CNBC Daily Open: Markets are getting ready for Trump 2.0
Traders work on the New York Stock Exchange (NYSE) floor in New York City. Spencer Platt | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You […]
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Europe markets open higher; luxury stocks pop on Richemont results, LVMH up 8%
UK economy grew by less-than-expected 0.1% in November; sterling falls U.K. gross domestic product increased by 0.1% in November, according to data published by the Office for National Statistics, below a Reuters forecast for 0.2% economic growth. The British pound extended losses to trade 0.28% down against the U.S. dollar and 0.24% lower against the […]
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Tim Cook and other U.S. executives attend China expo, meet officials as Trump tariff threat looms
A view of the exterior of the China International Exhibition Center (Shunyi Hall), venue for the second China International Supply Chain Expo (CISCE), on November 26, 2024 in Beijing, China. Vcg | Visual China Group | Getty Images American business leaders are in China this week for meetings with officials and a high-profile supply chain […]
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Stocks making the biggest moves midday: Norwegian Cruise Line, Reddit, Chewy, Boeing and more
Check out the companies making headlines in midday trading. Astera Labs – Shares gained more than 16% after the company, which sells data center connectivity chips, debuted new fabric switches for artificial intelligence . Norwegian Cruise Line – Shares popped 10% on the heels of a Citi upgrade to buy from neutral. Citi said the […]
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Stocks making the biggest moves premarket: Boeing, Alphabet, Blackstone, GitLab and more
Check out the companies making headlines before the bell. Boeing — Shares slipped 1.8% after the aerospace company withdrew a pay raise offer it made to 33,000 machinists on strike since mid-September. With the talks again breaking down this week, the continued strike will cost Boeing more than $1 billion per month, S & P […]
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European markets turn lower after starting the new trading week with positive momentum
A stock trader looks at his monitors in the trading room of the Frankfurt Stock Exchange. Worries about a new coronavirus mutation in southern Africa have dealt a major blow to the German stock market. Arne Dedert | Picture Alliance | Getty Images LONDON — European stocks started the new trading week on a positive […]
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